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Several states oppose Trump's drilling license sales

Multiple coastal states in the US are seeking exemption from a planned sale of new oil and gas licenses in US waters. One state is already exempt. The expansion is part of President Donald Trump's efforts to strengthen the oil industry.

Trump warns China over ship-to-ship fuel sales to North Korea

US President Donald Trump tweeted his disappointment this Thursday that China allegedly allowed oil to be transferred to North Korean ships. He later told the New York Times that he might take punitive trade actions if China does not "help us much more"

Trump's toughest critic challenges the Jones Act

The fight against the almost 100-year-old Jones Act, a thorn in the eye of European carriers in particular, has rekindled after Republican Senator John McCain, one of Trump's most ardent critics, is now trying to break from the controversial legislation. ShippingWatch takes a look at a sensitive subject.

Nordic shipowners: Trump's US exit may jeopardize IMO efforts

The Norwegian Shipowners' Association describes Trump's exit from the Paris Climate Accord as extremely bad news for shipping. Danish Shipping also eyes risks: This could be an excuse for opponents to work harder to halt IMO efforts, says the organisation.

Shipowners: IMO climate targets must be maintained

The International Chamber of Shipping will call on the IMO to continue its work to curb shipping's CO2 footprint despite President Trump's decision to withdraw the US from 2015's Paris Climate Accord, Chairman Esben Poulsson tells ShippingWatch.

Seafarers could be hit by Trump's US entry ban

Crew members from the affected countries could be denied rights to go onshore in the US following Donald Trump's entry ban. However, both Norden and Clipper have not experienced any difficulties at this point, they tell ShippingWatch.

Trump appoints new FMC chairman

The Federal Maritime Commission, which reviews and approves alliances in the container sector, now has a new acting chairman. The US President has appointed Republican Michael Khouri, who will replace Democrat Mario Cordero.

IMF expects weak global growth for two years

In a revised forecast, the International Monetary Fund expects that global growth in 2017 will increase to 3.4 percent and 3.8 percent the year after. President Trump is a wild card in terms of the growth estimate.

US oil industry sees hope for the future

The leader of the industry's largest interest group in the US describes Trump's upcoming presidency as an opportunity that only comes once in a generation. The goal is more drilling permits at sea.

Trump's secretary of state will sell ExxonMobil shares

Donald Trump's choice for US secretary of state, Rex Tillerson, plans to sell out of his shares in the oil company ExxonMobil if he is approved for the job. Until the turn of the year, Tillerson was CEO of the company and he has been criticized for his close ties to Russia.

Trump officially picks oil CEO as Secretary of State

After several days of rumors, Donald Trump has now officially appointed Rex Tillerson, CEO in ExxonMobil, as his new Secretary of State. Several significant politicians from both major US parties have expressed concerns over the new top diplomat's close relationship to Vladimir Putin.

OPEC deal could boost tanker carriers

An agreement at next week's OPEC meeting would likely increase speculative oil trading. In the short term this could boost the product tanker market which is otherwise crippled by overcapacity and filled stockpiles, Hafnia Tankers CEO Mikael Skov tells ShippingWatch.

Trump will withdraw US from TPP from "day one"

Future US President Donald Trump will withdraw the US from the Trans-Pacific Partnership (TPP) on his first day in office. As such, he appears to be keeping his campaign promise to close off the US from the rest of the world.

Trump åbner dør på klem for Obamacare

Donald Trump overvejer at beholde elementer fra Obamacare. Det er stik imod, hvad den kommende præsident sagde under sin valgkamp, hvor han lovede at tilbagerulle Barack Obamas sundhedsreform.

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